Australian Dollar forecast AUD/USD on March 28, 2018


Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7745. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Australian Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.7755 level, from which it is expected to attempt a rebound and further development of a bearish trend with a target to falling near the level of 0.7605.

Australian Dollar forecast AUD/USD on March 28, 2018

An additional signal in favor of the fall of the pair is the upper bound of the «Triangle» model. Previously, a strong signal was received for the sell of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7725.

Australian Dollar forecast AUD/USD on March 28, 2018

The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of ​​0.7810, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations AUD/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 0.7670.


Join our Telegram Channel


Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link

Post Comment